UPDATE: Oppenheimer Initiates Tremor Video at Outperform on Positive Outlook

In a report published Monday, Oppenheimer analyst Jason Helfstein initiated coverage on Tremor Video TRMR with an Outperform rating and $12.00 price target.

In the report, Oppenheimer noted, “We are initiating coverage of Tremor Video with an Outperform rating and a 12- to 18-month price target of $12. Tremor Video provides technology-driven online video advertising solutions for brand advertisers. Through its Tremor Video Network, the company delivers high-quality pre-roll and in-stream video advertisements for 372 brand advertiser clients, including all top-10 automakers and 9 of the top-10 CPG companies on over 500 premium publishers' websites and mobile applications. From 2012 to 2020, we estimate revenue growth at a 22% CAGR.”

Tremor Video closed on Friday at $8.38.